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From:schwabalerts.marketupdates@schwab.com
To:jeff.dasovich@enron.com
Subject:Internet Daily for December 28, 2001
Cc:
Bcc:
Date:Fri, 28 Dec 2001 14:59:26 -0800 (PST)

Charles Schwab & Co., Inc.
Email Alert

Internet Daily
for Friday, December 28, 2001
by Frank Barnako CBS MarketWatch.com


Confusion stamps postal ecommerce

Managers charged with expanding the U.S. Postal Service's
ecommerce activities aren't delivering, a new congressional
study says.

A report by the General Accounting Office faults the USPS for
"difficulty defining, identifying and classifying its
Internet-related initiatives." Financial information about the
efforts is also not "complete, accurate and consistent." The
Postal Service has been studying how to implement electronic
bill paying, online confirmation of deliveries and postal
product sales. However, the GAO found "fragmentation,
inconsistency and poor performance." The deputy postmaster
general responded saying he would take action to address the
problems, the GAO said.

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Yahoo media chief to leave

The vice president of Yahoo's media and leisure division will
leave the company in February. David Graves, who lives in
Massachusetts, said he had tired of the travel to headquarters
in Sunnyvale, Calif. Graves' departure occurs as Yahoo
reorganizes its business divisions and cuts back on activities,
including multimedia production. Yahoo said it plans to look for
a successor for Graves.

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Yahoo jobs deal worries CareerBuilder

The online job listing service owned by Knight Ridder Inc. and
the Tribune Co. is wondering what happens now that Yahoo has a
deal to acquire HotJobs.com. CareerBuilder has a contract with
Yahoo, making it the sole provider of job ads on Yahoo Careers,
according to the Washington Post. "It's an exclusive contract
and we expect them to honor (it)," said spokesman Barry
Lawrence. Analysts suggested Yahoo is likely to try to buy its
way out of the deal. "I am sure anything is negotiable for a
price," Jeff Fieler, a consumer Internet analyst at Bear Stearns
& Co., told the Post.

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Eshopping season posts 36% rise

Ecommerce during the holiday season was worth a record $6.6
billion, according to comparison-shopping Web site Bizrate.com.
The total is 31% greater than Bizrate forecast, and is 36%
greater than last year's online sales. "BizRate.com expects the
momentum to continue into the New Year as consumers take
advantage of the post-holiday clearance sales," the company
added. The average online shopper's spending also increase, from
$112.13 last year to $126.77 this year.

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